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    Advanced Financial Accounting Study Set 2
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    Exam 17: Governmental Entities: Introduction and General Fund Accounting
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    The Board of Commissioners of the City of Rockton Adopted
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The Board of Commissioners of the City of Rockton Adopted

Question 2

Question 2

Short Answer

The Board of Commissioners of the City of Rockton adopted its budget for the year ending July 31,20X2,which indicated revenues of $1,000,000 and appropriations of $900,000.If the budget is formally integrated into the accounting records,what is the required journal entry?
The Board of Commissioners of the City of Rockton adopted its budget for the year ending July 31,20X2,which indicated revenues of $1,000,000 and appropriations of $900,000.If the budget is formally integrated into the accounting records,what is the required journal entry?

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